According to multiple reports, Comcast will announce tomorrow morning that it is acquiring Time Warner Cable for $45.2 billion, bringing the biggest and second-biggest cable companies in the United States together.
CNBC's David Faber broke the news on Twitter:
Exactly one year ago, Comcast bought GE's remaining stake in NBC Universal.
Just yesterday, the New York Times reported that Charter Communications was pressing forward with its months-long campaign to buy Time Warner Cable. Looks like that's not going to happen for Charter now.
This could be bad news for those of us who like good customer service -- Time Warner Cable and Comcast were the two lowest-ranked cable and internet providers in the American Customer Satisfaction Index.